Corn prices rose 3 to 4 cents in early Thursday trading, following slight losses on Wednesday. Open interest dropped by 5,812 contracts. Cash corn price averaged $3.80 1/4. Export sales data expected to show 1-1.8 MMT of corn sales. EIA data showed a drop in ethanol production but rising stocks. South Korea issued a tender for 140,000 MT of corn. Brazil’s corn exports are estimated to increase to 7.61 MMT in September. Corn futures closed down but are currently up.

Read more at Yahoo Finance: Corn Closes Lower Despite More Export Business